Market forces rained on the parade ofLucid Group, Inc.($Lucid Group Inc(LCID)$ ) shareholders, when the analysts downgraded their forecasts for this year. Both revenue and earnings per share (EPS) estimates were cut sharply as the analysts factored in the latest outlook for the business, concluding that they were too optimistic previously. After the downgrade, the six analysts covering Lucid Group are now predicting revenues of US$1.3b in 2022. If met, this would reflect a substantial improvement in sales compared to the last 12 months. The loss per share is anticipated to greatly reduce in the near future, narrowing 57% to US$1.23. However, before this estimates update, the consensus had been expecting revenues of US$2.0b and US$1.12 per share in lo